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President Donald Trump, in his latest comments, addressed trade tensions with China, the war in Ukraine, and America’s leadership in critical technology and military capabilities. He expressed confidence that China will eventually come to the negotiating table on critical minerals and tariffs, arguing that U.S. tariff pressure will force Beijing to engage. He emphasized that the United States is “way ahead of China” in artificial intelligence development and military strength, while noting that America is “catching up to China” in commercial shipbuilding.
Trump added that the U.S. could threaten China with airplane export controls and other pressure tactics if negotiations fail to yield satisfactory results, declaring, “I think China will make a deal with us,” signaling his belief in a near-term agreement. The prospect of restricting China’s access to U.S. aircraft—a vital component of China’s aviation market—may provide significant leverage in talks.
President Trump said that after concluding meetings in South Korea, he expects to secure a “great deal” with China, including commitments for Beijing to purchase U.S. soybeans to avoid punishing American farmers. He warned that if China refuses to do business, it “will be in big trouble,” and signaled readiness to threaten export controls on U.S. airplanes and rare-earth minerals as leverage. Trump also noted he has been invited to visit China “fairly early next year” and emphasized his strong personal relationship with President Xi.
Regarding the Russia-Ukraine war, Trump said he is in communication with President Putin about ending the conflict and has urged him to halt attacks on civilians, warning that “there will be a big price to pay” if a peace deal cannot be reached. He also asserted that the Ukraine war “doesn’t affect us in any way,” underscoring his focus on de-escalation.
Trump also praised Australian Prime Minister Albanese, noting their “good relationship,” and commended Australia’s achievements in defense manufacturing and critical minerals projects—ventures that involve Japan as well. These remarks illustrate Washington’s effort to strengthen alliances in the Indo-Pacific region to reduce strategic resource dependence on China.
The EURUSD pair lost some ground after Donald Trump's comments.
Source: xStation
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Morning wrap (20.11.2025)
